Gold Set for Worst Quarterly Loss in 13 Years

Wednesday, July 01, 2026

Gold eased on Tuesday and was on track for its sharpest quarterly decline in 13 years, as inflation concerns stemming from the Middle East conflict reinforced expectations that the U.S. Federal Reserve could hike interest rates.

Posted by qcp at 11:33 AM | 20 COMMENTS | permalink | Comment on This Entry |

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Traders anticipate the central bank hiking interest rates amid high inflation.

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-- Forbes (@forbes.com) 8:55 AM Â· Jun 25, 2026

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Meanwhile ...

Wall St set for strongest quarter in years as risk appetite holds despite US-Iran war
www.reuters.com

#1 | Posted by LampLighter at 2026-06-30 02:41 PM | Reply

Gold doubled in value in less than a year, so a pullback is not really unexpected.

#2 | Posted by LegallyYourDead at 2026-06-30 02:52 PM | Reply

The govt can always come for your gold.

#3 | Posted by Petrous at 2026-06-30 02:56 PM | Reply | Newsworthy 1

The govt can always come for your gold.

#3 | POSTED BY PETROUS

Donald will inevitably come for your gold. Him, or one of his nasty children.

#4 | Posted by Zed at 2026-06-30 03:01 PM | Reply

Wasn't it Ray that always had a thing for buying Gold?

#5 | Posted by justagirl_idaho at 2026-06-30 03:04 PM | Reply

Gold will never be seen in it's true value unless we quit selling a promise of gold on paper, with a disclaimer that basically says something like "guarantor has the option to pay any and all requests for redemption in US dollars"

The reason we saw the last big spike in prices is because countries like China and Russia are making runs on the physical gold.

#6 | Posted by lfthndthrds at 2026-06-30 04:33 PM | Reply

Nixon took us off the gold standard and imposed wage and price controls.

Trump is too ------- stupid to know what that means.

#7 | Posted by LegallyYourDead at 2026-06-30 07:41 PM | Reply | Newsworthy 1

Nixon simply finished what was started back when the Fed was created and our government made it illegal to own gold.

#8 | Posted by lfthndthrds at 2026-07-01 12:26 PM | Reply

@#6 ... The reason we saw the last big spike in prices is because countries like China and Russia are making runs on the physical gold. ...

So then, price variations for gold, like other traded commodities, should be the norm, subject to supply and demand?

#9 | Posted by LampLighter at 2026-07-01 12:44 PM | Reply

#8 | POSTED BY LFTHNDTURDS

I remember you bragging about investing in gold.

Hundred thousand if I remember correctly.

Not that I believe you.

But either way.

Here we are.

Thanks Trump!

#10 | Posted by ClownShack at 2026-07-01 12:45 PM | Reply

The reason we saw the last big spike in prices is because countries like China and Russia are making runs on the physical gold.

#6 | Posted by lfthndthrds

Many countries were. Because they saw that you morons elected a man determined to destroy the USD.

#11 | Posted by SpeakSoftly at 2026-07-01 02:11 PM | Reply | Funny: 1

#10 | Posted by ClownShack at 2026-07-01 12:45 PM | Reply | Flag

I bought gold at around $1200 an ounce and could have sold at $5600 but chose to stay in the long game. It's still bouncing around $4100/oz. And that's still a small fraction of what investments I have.

What did you invest in? Bitcoin?

#12 | Posted by lfthndthrds at 2026-07-01 05:14 PM | Reply

What did you invest in? Bitcoin?

#12 | Posted by lfthndthrds

Hope not. Everything trump touches dies.

#13 | Posted by SpeakSoftly at 2026-07-01 07:21 PM | Reply

@12 ... I bought gold at around $1200 an ounce and could have sold at $5600 but chose to stay in the long game. It's still bouncing around $4100/oz. ...

So, your current alias seems implicitly to admit that gold trades as a commodity.

I have to ask, why all the bitching about the price of gold by your current alias?

#14 | Posted by LampLighter at 2026-07-01 07:39 PM | Reply

And that's still a small fraction of what investments I have.

#12 | Posted by lfthndthrds

Who TF cares?

#15 | Posted by Dbt2 at 2026-07-01 09:26 PM | Reply

"Internet Rich Guy"

BWAHAHA

#16 | Posted by LegallyYourDead at 2026-07-01 11:28 PM | Reply

I have to ask, why all the bitching about the price of gold by your current alias?

#14 | Posted by LampLighter at 2026-07-01 07:39 PM | Reply | Flag

No one is bitching. If you could do basic math, you would see the earnings.

#17 | Posted by lfthndthrds at 2026-07-03 07:14 AM | Reply

"Internet Rich Guy"
BWAHAHA

#16 | Posted by LegallyYourDead at 2026-07-01 11:28 PM | Reply | Flag:

Says the internet lawyer who forgot where he went to college, and also made a fortune in I.T. with a worst-selling book.

#18 | Posted by lfthndthrds at 2026-07-03 07:15 AM | Reply

Who TF cares?

#15 | Posted by Dbt2 at 2026-07-01 09:26 PM | Reply | Flag

Apparently, you do. At least enough to cough up a comment.

#19 | Posted by lfthndthrds at 2026-07-03 07:16 AM | Reply

Wasn't it Ray that always had a thing for buying Gold?
#5 | POSTED BY JUSTAGIRL_IDAHO

It was - the boldest, goldest, buggiest of gold bugs.

#20 | Posted by Doc_Sarvis at 2026-07-03 07:22 AM | Reply